2024-04-23 Norwegian Krone News
2024-04-22
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysing NOK Exchange Rate with Time Series Data
Understanding the overall trend of the exchange rates
Observing the overall trend of the exchange rates over the provided period, we can see that the rates seem to fluctuate within a narrow band, varying from a low of approximately 0.12428 to a high of approximately 0.12489. However, it appears that there's minimal overall change in the rates. For instance, the rate starts off at 0.12463 and ends at around 0.12471, showing very slight incline over time. Slight ups and downs can be noticed in between, but the general trend seems to be hovering around a central value.
Identifying Seasonality or Recurring Patterns
As for recurring patterns or seasonality, it's a bit difficult to discern any clear patterns from the provided data without functional graphs. While there are some periods where the rates appear to increase or decrease more dramatically, these periods do not seem to occur at consistent intervals that would suggest a clear recurring pattern or seasonality. This could suggest that factors other than the time of day or week are driving these rate changes. More data or a longer timeframe might allow for clearer pattern or seasonality identification.
Noting Outliers
There are very few instances that could be described as outliers within this dataset. However, these few instances do not deviate significantly from the general range of exchange rate values: the lowest rate achieved is about 0.12428, and the highest is about 0.12489. Thus, in this dataset, it seems that there are very few instances of unusual or unexpected exchange rates. The outliers are minimal and do not have a significant impact on the overall trend.
